Spartanburg, South Carolina Entrepreneur Gets a Bank Loan

Would a South Carolina small business loan help your small business to grow and prosper? If so, you may want to talk with this South Carolina bank, which offers SBA loans to South Carolina entrepreneurs.

You can learn something about getting a small business loan in Spartanburg, South Carolina by studying this loan to a local company, made back in 2001. Banks like First National Bank - So. D/b/a 1st may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
SPARTANBURG, SC 29349

SBA Loan Lender

FIRST NATIONAL BANK - SO. D/B/A 1ST
215 N PINE ST
SPARTANBURG, SC 29302

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441222 - Boat Dealers

Loan Approval Date

3/7/2001

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Spartanburg SC, you ought to talk with a local Spartanburg SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Spartanburg businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank - So. D/b/a 1st so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Obtaining Funding - How to Borrow Money

Best Spartanburg, South Carolina Banks for Small Business

SBA Participating Banks in South Carolina